Company Growth Principles Sample Clauses
The Company Growth Principles clause sets out the foundational guidelines and values that direct how a company approaches expansion and development. Typically, this clause outlines the strategic priorities, such as innovation, market diversification, or sustainable practices, that the company commits to following as it grows. By establishing clear principles, the clause ensures that all growth initiatives align with the company's mission and long-term vision, providing a consistent framework for decision-making and helping to prevent actions that could undermine the company's core values or objectives.
Company Growth Principles. (a) The Shareholders agree that the Company shall be the vehicle used for the development of all the Wireless Business of the Groups in Brazil. Consequently, the Shareholders undertake to contribute or to procure that the relevant members of their respective Group transfer to the Company, and to procure that the Company acquires, their Wireless Properties and any Interest in a New Acquisition acquired directly by either Group, on the terms and conditions set forth in this Agreement and in the Subscription Agreement.
(b) The Shareholders also agree:
Company Growth Principles. (a) The Shareholders agree that the Company shall be the vehicle used for the development of all the Wireless Business of the Groups in Brazil. Consequently, the Shareholders undertake to contribute or to procure that the relevant members of their respective Group transfer to the Company, and to procure that the Company acquires their Wireless Properties and any Interest in a New Acquisition acquired directly by either Group, on the terms and conditions set forth in this Agreement and in the Subscription Agreement.
(b) The Shareholders also agree:
(i) not to prevent the Company from acquiring or developing, as the case may be, any new Wireless Business, proposed by any or both Groups, provided that the acquisition or development of the new business meets some of the following criteria:
(A) expands footprint in Brazil;
(B) enhances the Company’s market share or subscriber base;
(C) allows for an increase in marketing, technological or operational efficiency;
(D) enhances the platform for growth and profitability;
(E) allows for leveraging on management skills and know-how; or
(F) provides a smooth transition to new products and services; provided that all the new business to be acquired or developed, as the case may be, must enhance shareholder value as demonstrated by an independent analysis from time to time; and
(ii) that:
(A) [***]; and
(B) additional spectrum and licenses, provided that spectrum and licenses enhance shareholders value as demonstrated by an independent analysis, are within the Company Growth Principles.
(c) The Shareholders also agree that the Company’s investments will be funded in accordance with Section 7 hereto.